Futures Point to Flat Open

Finning, Weston in Focus

Futures for Canada's main stock index were little changed on Wednesday, as gains in oil were countered by a drop in gold prices, while investors awaited U.S. consumer price data for cues about inflation.

The TSX lost 87.84 points to conclude Tuesday at 19,274.04.

The Canadian dollar squeezed 0.07 cents Wednesday to 82.74 cents U.S.

June futures inched up 0.02% Wednesday.

BMO raised the target price on Finning International to $39.00 from $35.00

Scotiabank raised the target price on George Weston to $121.00 for $117.00

RBC raises target price on Sleep Country Canada Holdings to $32.00 from $29.00

ON BAYSTREET

The TSX Venture Exchange tumbled 15.29 points, or 1.6%, to 939.69.

ON WALLSTREET

U.S. stock futures declined in early trading Wednesday following the Dow’s worst day since February as investors dumped tech shares again.

Futures for the Dow Jones Industrials shed 105 points, or 0.3%, to 34,078.

Futures for the S&P 500 fell 13.75 points, or 0.3%, to 4,132.50.

Futures for the NASDAQ Composite index sank 64.5 points, or 0.5%, to 13,281.50.

Tech shares, which have been under pressure this week and this month, were falling in the pre-market again Wednesday. Shares of Alphabet, Microsoft, Netflix, Facebook and Apple all traded in the red, while shares of chipmakers Nvidia and AMD were also lower in the pre-market.

Shares tied to the reopening also fell in the pre-market. Carnival Corp, Boeing and United Airlines were lower in pre-market trading.

Key inflation data will be released at 8:30 a.m. ET on Wednesday. April’s consumer price index is expected to grow 0.2% from the previous month, representing a 3.6% jump since last year, according to Dow Jones estimates. This jump in the headline consumer price index would be the largest since Sept. 2011.

The consumer price index excluding food and energy is expected to rise 0.3% in April and 2.3% over the past 12-months. The consumer price index rose 0.6% in March from the previous month and 2.6% from a year ago, according to the U.S. Department of Labor.

Overseas, in Japan, the Nikkei 225 bowed 1.6%, while in Hong Kong, the Hang Seng index gained 0.8% Wednesday.

Oil prices leaped 81 cents to $66.17 U.S. a barrel.

Gold prices dumped $2.20 to $1,833.90 U.S.